KT introduces ‘mother of all credit cards’

KT introduces ‘mother of all credit cards’ — Korea Herald — “Dubbed ‘Clip Card’ the device looks like credit and debit cards issued by financial institutions, but it has a 1.3-inch display on the surface of the card that enables users to register all their cards, which are displayed in barcodes… The KT platform is compatible with all types of credit cards regardless of card companies and financial institutions, and with any operating systems.”


UnionPay launches HCE mobile QuickPass in South Korea

Bankcard association UnionPay International has launched its host card emulation (HCE) and tokenization based mobile payment service in South Korea, enabling its cardholders to pay by tapping their mobile phones. The launch of UnionPay HCE mobile QuickPass is supported by mobile network operator KT and its subsidiary BCcard. More





Has NFC missed the mobile payments boat or will the industry rise to the cloud payments challenge?

In the April issue of Mobile Wallet Outlook the NFC World team examines why NFC is failing to gain traction in the mobile payments market, analyzes the range of cloud-based options available for those seeking to deliver mass market mobile wallets — and sets out in detail how MCX’s barcode and cloud-based wallet will work, when it’s likely to launch and who is already using the same approach today. More


Korean banks launch NFC payments service

BankWallet

Sixteen Korean banks have introduced BankWallet, a prepaid NFC payments service that uses a platform developed by interbank clearing house KFTC. SK Telecom subscribers with an NFC phone will be the first to be able to use the new service and KT customers will be added soon. More


GSMA honors KT and SK Telecom for NFC

SK Telecom and KT

Korean mobile network operators KT and SK Telecom have been named as the winners of the 2013 GSMA Chairman’s Award, the association’s most prestigious honour, in recognition of “their pioneering efforts and leadership in driving the adoption of SIM-based mobile near field communication (NFC) services”... More





NTT Docomo to take Japanese mobile wallet global

MasterCard and NTT Docomo's iD

The Japanese carrier, founder of Japan’s Osaifu-Keitai mobile wallet service, has signed a deal with MasterCard that will see its 17m iD mobile credit card holders being able to use a new generation of phones to make payments at MasterCard Paypass merchants in 41 countries as well as at 560,000 Osaifu-Keitai points of sale in Japan. More








NFC shopping zone opens in Seoul

Banners advertise Seoul's NFC Zone

Korea’s leading mobile network operators, card networks, phone manufacturers and government agencies have joined forces to provide shoppers in Seoul’s busiest shopping district with a wide range of NFC services including payments, couponing, smart posters and digital receipts. More



Feed for stories featuring KT.

• Find a list of all the companies and other organisations that have been featured in NFC World in our directory.

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